The Magnum Ice Cream Company N.V. (NYSE:MICC) Given Consensus Rating of “Reduce” by Brokerages

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) have received an average rating of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of research firms recently weighed in on MICC. Weiss Ratings lowered shares of Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th.

Check Out Our Latest Research Report on MICC

Magnum Ice Cream Stock Performance

MICC opened at $16.68 on Friday. The firm’s 50-day moving average price is $14.63. Magnum Ice Cream has a fifty-two week low of $12.94 and a fifty-two week high of $19.93.

Hedge Funds Weigh In On Magnum Ice Cream

Several institutional investors have recently added to or reduced their stakes in MICC. BNP Paribas bought a new stake in Magnum Ice Cream in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream in the fourth quarter worth about $28,000. Bartlett & CO. Wealth Management LLC bought a new stake in Magnum Ice Cream in the fourth quarter worth about $30,000. Leonteq Securities AG bought a new stake in Magnum Ice Cream in the fourth quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new stake in Magnum Ice Cream in the fourth quarter worth about $33,000.

Magnum Ice Cream Company Profile

(Get Free Report)

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.

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Analyst Recommendations for Magnum Ice Cream (NYSE:MICC)

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